Huber Capital Correlations

Mutual Funds . USA . 
Fund . Huber Capital Equity
HULEX Fund  USD 34.23  0.12  0.35%   
The current 90-days correlation between Huber Capital Equity and Huber Capital Diversified is 0.97 (i.e., Almost no diversification). The correlation of Huber Capital is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Huber Capital Correlation With Market

Good diversification

The correlation between Huber Capital Equity and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huber Capital Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huber Capital Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Huber Mutual Fund

  1.0HUDEX Huber Capital DiversifiedPairCorr
  1.0HUDIX Huber Capital DiversifiedPairCorr
  1.0HULIX Huber Capital EquityPairCorr
  0.99HUMDX Huber Capital MidPairCorr
  0.99HUMEX Huber Capital MidPairCorr
  0.98HUSEX Huber Capital SmallPairCorr
  0.98HUSIX Huber Capital SmallPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.9HICGX Hennessy Nerstone GrowthPairCorr
  0.96SLCCX Clearbridge Large CapPairCorr
  0.76FRHIX Franklin High YieldPairCorr
  0.97POGCX Putnam Growth OpportPairCorr
  0.93AIWEX World EnergyPairCorr
  0.96MDAAX Mainstay Moderate EtfPairCorr
  0.88PSPFX Global ResourcesPairCorr
  0.91SEPIX Energy Basic MaterialsPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.96CCAEX Future Scholar 529PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Huber Mutual Fund performing well and Huber Capital Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Huber Capital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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